201 Highway 31 NW
Hartselle, AL 35640
Walgreens · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens property located at 201 Highway 31 NW in Hartselle, Alabama. Built in 2008, this property consists of approximately 14,753 square feet of building space and sits on 1.57 acres of land. This Walgreens property has approximately 17 years remaining on an original 20-year triple-net (NNN) lease, which commenced on March 14, 2014. The current rent is $257,267. The lease expires March 31st, 2034 and is subject to eleven (11), five (5) year tenant renewal options. The subject Walgreens is located at 201 US-31 in Hartselle, Alabama. Hartselle is the second largest city in Morgan County, Alabama, about 10 miles south of Decatur, and is included in the Decatur Metropolitan Area, and the Huntsville-Decatur Combined Statistical Area. The property is well-positioned in a dense retail corridor with many national and local tenants. Major national tenants in the area include: Walmart, Kroger, Tractor Supply, Family Dollar, Dollar Tree, Dollar General, Pet Depot, Rite Aid, CVS Pharmacy, Subway, Little Caesar' s, Burger King, Pizza Hut, Taco Bell, Sonic Drive-In, Hardee' s, Captain D' s, AutoZone, O' Reilly Auto Parts, Shell, Murphy USA, People' s Bank, PNC Bank, Exxon, as well as many others. Crestline Elementary School, Hartselle Junior High School, and Hartselle High School are all in close proximity to the subject property, and have a combined enrollment of over 2,200 students.